Tritax Big Box has bagged £300m in an equity raise.
A total of 147,058,823 shares were issued at 204p per share, a discount of 5.3% to the company’s closing price last night of 215.4p.
Tritax said the placing was “significantly oversubscribed with considerable support from existing shareholders”.
Chair Aubrey Adams said: “We are delighted with the support of investors for the issue, the proceeds of which will enable us to accelerate our development programme in order to capture the unprecedented levels of demand we are seeing in our sector, and deliver attractive total returns to shareholders.”
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